The first dip this morning was a total walk down by the MMs. Volume was, if I recall correctly, around 10 a.m. we had 700K Sold and 500K Bought and the price was down near $1.90. Total walkdown to trigger stop losses.
New traders are very predictable, sorry, but it's the truth.
Someone who bought at $2.25+ and can't watch stocks all day long put in their 10% Stop Loss, like a "pro trader" should, and came home tonight to see their shares stolen.
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